GABY
ActiveSummary
GABY has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €557,930 and a net result of €173,375. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 86% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+23
Solvency100▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 4.42 against 2.98 in 2024; short-term debt: 21.3% and cash: 25.5% of total assets), and 21.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.1%
Return on assets
24.3%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
2 d early
2023
1 d early
2022
20 d early
2021
5 d early
2020
4 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 27 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€557,930▲ 45.1%
2024 · €384,555
Total assets
€714,028▲ 27.4%
2024 · €560,680
Net result
€173,375▲ 362%
2024 · €37,556
Working capital
€519,614▲ 52.1%
2024 · €341,642
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€25,240€58,556▲ 132%-€24,165€46,018€249,015▲ 441%
Net result€18,505within the sector's middle half€48,776within the sector's middle half▲ 164%-€32,262below the sector's middle half€37,556within the sector's middle half€173,375above the sector's middle half▲ 362%
Equity€330,486within the sector's middle half▲ 5.9%€379,261within the sector's middle half▲ 14.8%€346,999within the sector's middle half▼ 8.5%€384,555within the sector's middle half▲ 10.8%€557,930within the sector's middle half▲ 45.1%
Total assets€636,646within the sector's middle half▼ 7.3%€628,766within the sector's middle half▼ 1.2%€519,737within the sector's middle half▼ 17.3%€560,680within the sector's middle half▲ 7.9%€714,028within the sector's middle half▲ 27.4%
Debt€306,160▼ 18.2%€249,504▼ 18.5%€172,738▼ 30.8%€176,125▲ 2.0%€156,098▼ 11.4%
Working capital€314,804within the sector's middle half▲ 5.8%€371,760within the sector's middle half▲ 18.1%€345,417within the sector's middle half▼ 7.1%€341,642within the sector's middle half▼ 1.1%€519,614above the sector's middle half▲ 52.1%
Solvency51.9%within the sector's middle half▲ 6.5pp60.3%within the sector's middle half▲ 8.4pp66.8%above the sector's middle half▲ 6.4pp68.6%above the sector's middle half▲ 1.8pp78.1%above the sector's middle half▲ 9.6pp
Current ratio2.04within the sector's middle half▲ 0.242.52within the sector's middle half▲ 0.483.07above the sector's middle half▲ 0.552.98within the sector's middle half▼ 0.094.42above the sector's middle half▲ 1.44
Return on assets (ROA)2.9%within the sector's middle half▲ 8.5pp7.8%within the sector's middle half▲ 4.9pp-6.2%below the sector's middle half▼ 14.0pp6.7%within the sector's middle half▲ 12.9pp24.3%above the sector's middle half▲ 17.6pp
Staff (FTE)4.8within the sector's middle half▼ 23.8%3.6within the sector's middle half▼ 25.0%3.5within the sector's middle half▼ 2.8%3.2within the sector's middle half▼ 8.6%2.6within the sector's middle half▼ 18.8%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 441% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €714,028
Fixed assets
€42,645 ▼ 8.6%
Current assets
€671,384 ▲ 30.6%
Equity and liabilities €714,028
Equity
€557,930 ▲ 45.1%
Debt
€156,098 ▼ 11.4%
Debt's share of the balance-sheet total falls from 31.4% to 21.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€261,918▲
2024 · €58,479
Cash flow
€186,278▲
2024 · €50,016
Quick ratio
3.81▲
2024 · 2.30
Debt to equity
0.28▼
2024 · 0.46
ROE
31.1%▲
2024 · 9.8%
Interest coverage
33.56▲
2024 · 5.86
Debt ≤ 1 year
€151,770▼
2024 · €172,393
Income taxes
€70,391▲
2024 · €25
Staff costs
€134,928▼
2024 · €151,989
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €26,000 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €125,061 | €155,479 | €151,989 | €134,928 | ▼ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,053 | €7,960 | €5,237 | €12,460 | €12,903 | ▲ 3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,095 | -€1,001 | -€318 | €5,593 | ▲ 1,860% |
| Other operating charges640/8 | - | €4,832 | €3,455 | €2,982 | €9,114 | ▲ 206% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €171,799 | €197,503 | €139,005 | €213,131 | €411,553 | ▲ 93.1% |
| Operating profit (loss)9901 | €25,240 | €58,556 | -€24,165 | €46,018 | €249,015 | ▲ 441% |
| Financial income75/76B | - | €4,027 | €1,755 | €1,539 | €2,555 | ▲ 66.0% |
| Recurring financial income75 | €5,336 | €4,027 | €1,755 | €1,539 | €2,555 | ▲ 66.0% |
| Financial charges65/66B | - | €13,509 | €9,538 | €9,977 | €7,804 | ▼ 21.8% |
| Recurring financial charges65 | €11,417 | €13,509 | €9,538 | €9,977 | €7,804 | ▼ 21.8% |
| Profit (loss) for the period before taxes9903 | €19,159 | €49,073 | -€31,947 | €37,580 | €243,766 | ▲ 549% |
| Income taxes67/77 | €654 | €298 | €315 | €25 | €70,391 | ▲ 285,692% |
| Profit (loss) for the period9904 | €18,505 | €48,776 | -€32,262 | €37,556 | €173,375 | ▲ 362% |
| Profit (loss) for the period to be appropriated9905 | €18,505 | €48,776 | -€32,262 | €37,556 | €173,375 | ▲ 362% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €636,646 | €628,766 | €519,737 | €560,680 | €714,028 | ▲ 27.4% |
| Fixed assets21/28 | €20,494 | €12,534 | €7,297 | €46,645 | €42,645 | ▼ 8.6% |
| Tangible fixed assets22/27 | €20,091 | €12,131 | €6,894 | €46,227 | €42,626 | ▼ 7.8% |
| Plant, machinery and equipment23 | - | €2,781 | €1,673 | €2,603 | €4,311 | ▲ 65.6% |
| Furniture and vehicles24 | - | €9,350 | €5,221 | €43,624 | €38,315 | ▼ 12.2% |
| Financial fixed assets28 | €403 | €403 | €403 | €417 | €19 | ▼ 95.5% |
| Current assets29/58 | €616,152 | €616,232 | €512,440 | €514,035 | €671,384 | ▲ 30.6% |
| Stocks and contracts in progress3 | €158,605 | €145,344 | €134,770 | €117,308 | €93,302 | ▼ 20.5% |
| Stocks30/36 | - | €145,344 | €134,770 | €117,308 | €93,302 | ▼ 20.5% |
| Amounts receivable within one year40/41 | €379,896 | €394,929 | €281,452 | €318,729 | €379,968 | ▲ 19.2% |
| Trade receivables40 | - | €379,349 | €269,825 | €308,866 | €364,578 | ▲ 18.0% |
| Other amounts receivable41 | - | €15,580 | €11,628 | €9,863 | €15,390 | ▲ 56.0% |
| Cash at bank and in hand54/58 | €54,443 | €52,808 | €69,253 | €58,895 | €182,294 | ▲ 210% |
| Deferred charges and accrued income490/1 | - | €23,151 | €26,965 | €19,104 | €15,821 | ▼ 17.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €636,646 | €628,766 | €519,737 | €560,680 | €714,028 | ▲ 27.4% |
| Equity10/15 | €330,486 | €379,261 | €346,999 | €384,555 | €557,930 | ▲ 45.1% |
| Contributions10/11 | €320,573 | €320,573 | €320,573 | €320,573 | €320,573 | = |
| Capital10 | - | €320,573 | €320,573 | €320,573 | €320,573 | = |
| Issued capital100 | - | €320,573 | €320,573 | €320,573 | €320,573 | = |
| Reserves13 | €83,792 | €83,792 | €83,792 | €83,792 | €197,428 | ▲ 136% |
| Non-distributable reserves130/1 | - | €17,250 | €17,250 | €17,250 | €17,250 | = |
| Legal reserve130 | - | €17,250 | €17,250 | €17,250 | €17,250 | = |
| Tax-exempt reserves132 | - | €9,494 | €9,494 | €9,494 | €9,494 | = |
| Distributable reserves133 | - | €57,048 | €57,048 | €57,048 | €170,685 | ▲ 199% |
| Profit (loss) carried forward14 | -€73,879 | -€25,103 | -€57,366 | -€19,810 | €39,929 | ▲ 302% |
| Amounts payable17/49 | €306,160 | €249,504 | €172,738 | €176,125 | €156,098 | ▼ 11.4% |
| Amounts payable within one year42/48 | €301,348 | €244,472 | €167,023 | €172,393 | €151,770 | ▼ 12.0% |
| Financial debts43 | - | €50,000 | €0 | €60,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €50,000 | €0 | €60,000 | €0 | ▼ 100% |
| Trade debts44 | €54,287 | €46,926 | €16,484 | €37,714 | €47,929 | ▲ 27.1% |
| Suppliers440/4 | - | €46,926 | €16,484 | €37,714 | €47,929 | ▲ 27.1% |
| Taxes, remuneration and social security45 | - | €21,255 | €20,961 | €13,628 | €52,662 | ▲ 286% |
| Taxes450/3 | - | €3,893 | €4,076 | €4,445 | €38,537 | ▲ 767% |
| Remuneration and social security454/9 | - | €17,362 | €16,886 | €9,183 | €14,125 | ▲ 53.8% |
| Other amounts payable47/48 | - | €126,291 | €129,578 | €61,051 | €51,179 | ▼ 16.2% |
| Accrued charges and deferred income492/3 | - | €5,033 | €5,714 | €3,732 | €4,329 | ▲ 16.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,505 | €48,776 | -€32,262 | €37,556 | €173,375 | ▲ 362% |
| + Depreciation and write-downs630 | €12,053 | €7,960 | €5,237 | €12,460 | €12,903 | ▲ 3.6% |
| Operating cash flow (approximation) | €30,557 | €56,736 | -€27,025 | €50,016 | €186,278 | ▲ 272% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€51,809 | -€8,903 | ▲ 82.8% |
| Change in cash | - | -€1,635 | €16,445 | -€10,358 | €123,399 | ▲ 1,291% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €173,375 ▲362%
Operating result €249,015, net result €173,375, both a record.
31-03
Financial
Equity above €500,000Eq €557,930 ▲45.1%
2 profitable years in a row build equity to €557,930.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Back to profitnet €37,556
Net result €37,556 after one loss-making year.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
08-09
State Gazette act
General meeting · Member resignation
Member admission · Board composition
31-03
Financial
Back to profitnet €18,505
Net result €18,505 after 2 loss-making years.
25-01
State Gazette act
General meeting · Director resignation
Director reappointment · Permanent representative
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
24-07
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
30-07
State Gazette act
General meeting · Member resignation
Member admission · Permanent representative
18-05
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Director resignation
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
22-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2015
13-08
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2012
23-11
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2010
14-07
State Gazette act
General meeting · Member resignation
Member admission · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ronse · 1 establishment unit since 1992
Ground area
2,568 m²
Building footprint
1,574 m²
Volume, LiDAR
15,674 m³
Parcel 45041B0659/00V008, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GABY
since 19922.056.605.480
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45041B0659/00V008 | Flanders | 2,567 m² | 1 · 1,574 m² | 15.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
Recognitions · licences · registrations
Recognised contractor
17 categoriesGABY NV19807
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Of 9,531 companies in sector 43222 we hold annual accounts for 5,665. 3,873 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-02-1992
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
43310Plastering work
43331Floor and wall tiling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446704992
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.